Ethereum Plummets 10% in Major Market Downturn

TrustFinance Global Insights

Feb 05, 2026

2 min read

Ethereum Plummets 10% in Major Market Downturn

Ethereum Sees Significant 10% Price Drop

Ethereum experienced a sharp decline, trading at $1,935.42, which represents a 10.06% loss for the day. This marks one of its most significant single-day percentage drops in recent months. The downturn has pushed Ethereum's market capitalization down to $242.09 billion, accounting for 10.37% of the total cryptocurrency market cap.

Broad Crypto Market Experiences Bearish Trend

The cryptocurrency market saw widespread negative movement. In the preceding 24 hours, Ethereum traded within a range of $1,935.30 to $2,169.53. Over the last seven days, the asset has lost 28.75% of its value. Other major cryptocurrencies were also affected, with Bitcoin falling by 9.81% to trade at $66,825.5. In contrast, Tether USDt remained stable with a minor gain of 0.03%.

Impact on Market Capitalization and Volume

The recent price action has significantly impacted market valuations. Ethereum's current price is 60.95% below its all-time high. The 24-hour trading volume for Ethereum reached $55.13 billion, which is 25.70% of the total volume across all cryptocurrencies. Bitcoin's market cap stands at $1,368.27 billion, representing 58.64% of the total market, while Tether's market cap is $185.39 billion, or 7.94% of the market.

Summary and Outlook

The market is currently dominated by strong bearish sentiment, affecting leading digital assets like Ethereum and Bitcoin. Investors are closely monitoring price levels for potential support and signs of market stabilization. The high trading volumes indicate significant market activity amidst the volatility.